Everest Climber
Registered User
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- 6
Its not unusual to have early break clauses in these type of investments, particularly in the event of a sale.2. Has anyone ever heard of something like this happening before?
In fairness the financial adviser was a family friend and his call did really well for the client/friend. I know it wasn't the usual type of investment but it paid off, so calling for his head is over the top in my opinion. After all, many, many, people on insight from Financial Advisers, have put their money in what might be called top of the range investments over the years, several have lost everything. Only recently I was reading of John Teeling's strategy for putting money into shares, etc, wouldn't imagine he would use any of the high street advisers in having anything to do with his hard earned money. After all they're in it for the money, at least 99% of them and the other 1% are lying if they say otherwise.
The amount involved is obviously very material in the overall net worth of the client, if the loss of income could be enough to force him back to work. Putting a material amount into an investment that had capped upside, unlimited downside, and an option for the borrower to terminate early does not sound like a suitable investment in those circumstances.I know it wasn't the usual type of investment but it paid off
In fairness the financial adviser was a family friend and his call did really well for the client/friend. I know it wasn't the usual type of investment but it paid off, so calling for his head is over the top in my opinion. After all, many, many, people on insight from Financial Advisers, have put their money in what might be called top of the range investments over the years, several have lost everything. Only recently I was reading of John Teeling's strategy for putting money into shares, etc, wouldn't imagine he would use any of the high street advisers in having anything to do with his hard earned money. After all they're in it for the money, at least 99% of them and the other 1% are lying if they say otherwise.
As for John Teeling, with respect to him, he hasn’t a clue.
I rest my case.
Mr Quinn was invited to join an elite group by a top financier. Great advise alright. In any case, i'd back Mr Teeling against any so called financial adviser. You can tut tut all you want and i'm sure you're outstanding in your own field, just like myself.A glib response which shows you misunderstand the fundamental point.
John Teeling knows plenty about many things; I would venture that investing in a globally diversified manner isn’t one of them. Exhibit A, Sean Quinn Esquire.
A person who’s been very successful in his or her own field, e.g. an entrepreneur or a very high earning professional, will often be a terrible investor more generally.
Mr Quinn was invited to join an elite group by a top financier. Great advise alright. In any case, i'd back Mr Teeling against any so called financial adviser. You can tut tut all you want and i'm sure you're outstanding in your own field, just like myself.
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